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Topic: Facebook coin is not a threat for Bitcoin - page 3. (Read 4282 times)

full member
Activity: 700
Merit: 100
to exceed the price of bitcoin I think it's difficult to happen now. Libra is a newcomer who is very enthusiastic about talking about people, and this is in my opinion a fantastic future project owned by Facebook. Hopefully Libra can really compete with other coins and gain trust in the community.
sr. member
Activity: 807
Merit: 251
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in any case, users of social networks are not the people who are worried about the anonymity of their identity.  By the end, because of this, I who will use the libra will not raise the appropriate question.  in any case, we will see results in the near future, Although the communities of those users who have gathered under the auspices of libra are very large.
these communities have no relations with cryptocurrency. they are just users of social networks. they play no role in such questions
full member
Activity: 966
Merit: 104
in any case, users of social networks are not the people who are worried about the anonymity of their identity.  By the end, because of this, I who will use the libra will not raise the appropriate question.  in any case, we will see results in the near future, Although the communities of those users who have gathered under the auspices of libra are very large.
full member
Activity: 680
Merit: 103
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
Bit coins are currently successful in the market. And Facebook is successful on their social side. So I do not think there is any comparison with the other. So one platform can never get overnight in other platform. If the Facebook comes in the market and they will take a lot of time. To go to a place like Bitcoin.

Facebook is going to launch a stable coin. Moreover, the owners of this coin will share with Facebook all personal data. Bitcoin is anonymous, therefore if someone needs anonymity, Libra is definitely not for him.
member
Activity: 805
Merit: 26
Upon introducing of Libra, Facebook said that it is not designed to kill or compete with Bitcoin. According to David Marcus, BTC is an investment asset while Libra is a stable medium of exchange. He also differentiated this two, he said that libra is good for payment purposes while bitcoin is a vehicle for long term investment. Let's see how people use this according to its purposes.
legendary
Activity: 3010
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Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
I don't even think of it as a threat for Bitcoin because it isn't something that could compete against Bitcoin.
The great thing about facebook coin is that it would bring us more people in the crypto industry .
People would first choose it since it is what they think that is secure then after a couple of studying crypto they would surely jump over into Bitcoin.
Well, after the recent news about Libra surfacing to the internet it kinda attract more people and makes people seek knowledge about cryptocurrency and blockchain and that's not a bad thing in my opinion. However I doubt that people who already get used to such centralized coin issued under a company will move to decentralized things that easily, they will always afraid of changes.
sr. member
Activity: 994
Merit: 257
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Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
I don't even think of it as a threat for Bitcoin because it isn't something that could compete against Bitcoin.
The great thing about facebook coin is that it would bring us more people in the crypto industry .
People would first choose it since it is what they think that is secure then after a couple of studying crypto they would surely jump over into Bitcoin.
jr. member
Activity: 93
Merit: 3
Facebook coin (Libra) was never going to compete with bitcoin  because it's a stable coin. It will take much more than just this to unsit bitcoin
Indeed, a stable coin can't compete to a coin that can move up high easily and beside from being a stable coin Facebook coin is centralized and right now they are facing a big pressure from the US Government so investors will have doubt now if its continues to become a problem. Adoption with cryptocurrency is good, more companies will go and compete with each other but they can't create a threat to bitcoin because its a strong coin and many investors will backed up bitcoin.
Right, I think that Libra is not any danger to Bitcoin. This is something completely different, but I think that (maybe) thanks to Libra, some of the toppest brands like Visa, PayPal or Mastercard etc. will support the platforms where you can buy Bitcoin like for example buycoinnow. That would be great if Libra were the beginning of a "buying revolution" in the cryptocurrency world
I'm afraid it might not help in this case. Visa and Mastercard are already partners of Libra, which might suggests that when this coin will finally become  a thing, there will be an option to buy it via credit card. But, it all will be possible through Facebook infrastructure. It might not influence BTC in any way. But it doesn't mean that services like buycoinnow won't develop (I wish the best for them) - it's just not depend on Libra success.
newbie
Activity: 42
Merit: 0
Yes may be it is possible.  But i am not sure about it..
But this is not possible i think.
member
Activity: 616
Merit: 30
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.
It will help not only Bitcoin but the whole cryptocurrency world instead

Remember ho popular Facebook is and what advertising this can bring to our community here,the majority of the people that may invest in their coin will have positive looks in crypto and in the end?they will also buy other coins specially bitcoin to bag hold.

This coins popularity is now spreading the cryptospace and in short period of time the effect will surely be on our table.
newbie
Activity: 42
Merit: 0
Who said that facebook coin is threat for bitcoin???
It will not possible..  we are just talking but this is not true..no one will be the threat  for bitcoin.. dnt worry
legendary
Activity: 2212
Merit: 1008
Since Facebook announced their coins, I don't see that this will be a threat to Bitcoin. Facebook has a different purpose than Bitcoin and maybe it's just the adoption of their same technology.

I can't comment too far, because we haven't seen for ourselves whether later Facebook coins aren't like bitcoin? and what are the benefits for us to buy the coin. When compared, it remains a bitcoin that is targeted by investors.

The advantages of buying Facebook coins? You can only buy Facebook games and promote your ads through Facebook ads. They will make Libra like Paypal, only for transactions on their platform.
full member
Activity: 1456
Merit: 148
Facebook is going to partner with dozens of the most wealthy and powerful mega-corporations in the world and they are going to buy up Bitcoin so that they control the market as much as possible. That is what Libra is. They say it is just a harmless token but they are just going to partner up to take over Bitcoin. Libra takes the balance away from de-centralization and placing it back into the mega-corporations pockets. Facebook is up to no good as usual.

It is no different than Facebook saying we care about protecting your privacy. They don't.

Although if they partner with the most wealthiest cooperation around the world or whatsoever, Bitcoin will still stand and can't be control by them put together becasue of it decentralization. Remember, even if they choose to buy up Bitcoin never will they be able to do so becasue of the Bitcoin supply volume, it will take them decades to do that. Facebook can't be a threat to Bitcoin never will it be.
member
Activity: 469
Merit: 16
I can't comment too far, because we haven't seen for ourselves whether later Facebook coins aren't like bitcoin? and what are the benefits for us to buy the coin. When compared, it remains a bitcoin that is targeted by investors.
hero member
Activity: 2110
Merit: 502
The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.

This might open the appetit for other crypto,  as well, most likely Btc will be on the short list.
Definitely agree with you here and think that the more cryptos coins the better
Some people think this bull run is because of issues that libra is facing and I wonder if this is true.


Of course there will be more choices for traders to find their daily income, if you think about it, precisely with the Libra coin making the Cryptocurrency population increase with the existence of Libra coins, and there will be more and more new users using cryptocurrency.

I strongly believe that in the coming year there will be many big companies, to take part in developing Cryptocurrency in the future ...
full member
Activity: 1582
Merit: 101
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.

No need to excited dear brother. Sinet has not accepted Libra still now as they can not trace crypto currency buy and sell group. They think that it may used in wrong way so that they did not accept it in their house.

So first think its acceptance and then price and stability.

Thanks.
full member
Activity: 177
Merit: 100
Never, Dear remember that in the world many strong authorities and people have tried to degrade bitcoins from the market and no one get success. Yes bitcoin get some panic time but never down. As far concern to facebook coin i-e libra then there is a big difference between libra and bitcoins like Bitcoin will never show your identity that who you are and never expose your information or money to any where while libra will expose your identity and will never keep you secret. Just like that there are various things which are most beneficial in bitcoin and due to that people from the world like bitcoin as compare to other coins.
newbie
Activity: 42
Merit: 0
Hello everyone so now i want to share a very good information with that the facebook community says the the price of facebook will be stable like a USD so its mean that there is no threat for bitcoin because all investors want that they gain more profit in short time that  is why they invest their money in bitcoin because the btc price is fluctuated and for good investment need the unstable price.


There was never any threat to bitcoin. Bitcoin is the king of crypto.
jr. member
Activity: 40
Merit: 1
Facebook has already clear that they have nothing to do with the Bitcoin yet its "Libra" has an impact on the Bitcoin though it is completed different venture of Facebook.
legendary
Activity: 3122
Merit: 1032
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The sooner Libra will go live, the better is for Btc. Most of the people who buy Libra will start to get familiar with cryptocurrency.

This might open the appetit for other crypto,  as well, most likely Btc will be on the short list.
Definitely agree with you here and think that the more cryptos coins the better
Some people think this bull run is because of issues that libra is facing and I wonder if this is true.
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